An overview of stablecoins and their role in the new digital financial ecosystem.

What are stablecoins?

Stablecoins are a special type of digital asset that represent the value of another currency or asset found outside of this asset’s blockchain. Investors may think of it almost as a derivative product, in that there is an underlying asset involved. “Stable” references that the outside asset is more constant relative to the value held on this asset’s current blockchain. Major cryptocurrencies, Bitcoin and Ether, are renowned for their volatility — which have been the boon and bane of many investors. …

Richard Slenker

Former @Houston Astros Organization, International Politics and Economics @Yale University.

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